Fenbo (NASDAQ:FEBO) Announces Earnings Results

Fenbo (NASDAQ:FEBO) announced its quarterly earnings results on Monday. The company reported ($0.03) earnings per share for the quarter, FiscalAI reports. The business had revenue of $2.88 million for the quarter.

Fenbo Stock Down 2.9%

Shares of NASDAQ:FEBO traded down $0.02 during mid-day trading on Monday, reaching $0.69. 8,398 shares of the stock were exchanged, compared to its average volume of 52,399. The stock’s 50 day simple moving average is $0.72 and its 200-day simple moving average is $0.89. Fenbo has a one year low of $0.61 and a one year high of $1.46.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Fenbo from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, August 14th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

About Fenbo

Fenbo Holdings Limited is a consumer-products company focused on hair styling and personal-care products. Through its operating subsidiaries, the company manufactures and sells products such as hair curlers, hair straighteners, hair dryers, hair rollers and related accessories.

Fenbo serves customers in international markets and provides products for branded, private-label and other commercial applications. Its activities include product development, manufacturing and the distribution of hair-styling and beauty appliances.

The company is organized as a holding company incorporated in the Cayman Islands, with operating activities conducted through subsidiaries.